Business Segments · Operating Expenses, Adjusted
Conduit — Operating Expenses, Adjusted
Franklin BSP Realty Trust Conduit — Operating Expenses, Adjusted decreased by 38.6% to $1.94M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 32.4%, from $1.47M to $1.94M. Over 3 years (FY 2022 to FY 2025), Conduit — Operating Expenses, Adjusted shows an upward trend with a 12.5% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityModerate
First reportedQ1 2022
Last reportedQ1 2026Apr 29, 2026
How to read this metric
A decrease indicates improved operational efficiency and better cost control within the segment.
Detailed definition
A non-GAAP measure representing the total operating costs of the conduit segment after adjusting for specific non-recurr...
Peer comparison
Commonly used by management to communicate core operational performance excluding noise.
Metric ID:
fbrt_segment_conduit_operating_expenses_adjustedHistorical Data
17 periods
| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.12M | $1.12M | $1.12M | $1.12M | $1.35M | $1.35M | $1.35M | $1.35M | $1.38M | $1.55M | $1.71M | $290.00K | $1.47M | $734.00K | $1.02M | $3.16M | $1.94M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +20.8% | +0.0% | +0.0% | +0.0% | +1.6% | +13.0% | +10.1% | -83.1% | +405.9% | -50.0% | +38.4% | +211.4% | -38.6% |
| YoY Change | — | — | — | — | +20.8% | +20.8% | +20.8% | +20.8% | +1.6% | +14.9% | +26.5% | -78.6% | +6.7% | -52.8% | -40.6% | +991.0% | +32.4% |
Range$290.00K – $3.16M
CAGR+14.8%
Avg YoY Growth+75.7%
Median YoY Growth+20.8%
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Frequently Asked Questions
- What is Franklin BSP Realty Trust's conduit — operating expenses, adjusted?
- Franklin BSP Realty Trust (FBRT) reported conduit — operating expenses, adjusted of $1.94M in Q1 2026.
- How has Franklin BSP Realty Trust's conduit — operating expenses, adjusted changed year-over-year?
- Franklin BSP Realty Trust's conduit — operating expenses, adjusted increased by 32.4% year-over-year, from $1.47M to $1.94M.
- What is the long-term trend for Franklin BSP Realty Trust's conduit — operating expenses, adjusted?
- Over 3 years (2022 to 2025), Franklin BSP Realty Trust's conduit — operating expenses, adjusted has grown at a 12.5% compound annual growth rate (CAGR), from $4.48M to $6.38M.
- What does conduit — operating expenses, adjusted mean?
- The normalized total operating costs of the conduit segment.